Directors Not Liable u/s 179 If Tax Recovery Failure Isn't Due to Gross Neglect or Misfeasance.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Section 179 of the Act cannot be invoked if such a Director proves that non recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part - HC....